Why is highly rated fund manager David Ellison buying up bank stocks? It all goes back to something he learned from his former boss, Peter Lynch.
American Funds had for years been a darling of the adviser community, but after the market tanked in 2008, the funds' equity bent hurt performance.
Sees 20% to 30% returns on clean tech; 'small base' a big plus
MetLife Inc., the biggest U.S. life insurer, agreed to pay the government $13.5 million to resolve an investigation into “improper” payments to a San Diego-based broker that sold the company's coverage.
U.S. prosecutors unsealed an indictment formally charging 11 alleged members of a long-term, deep-cover Russian spy ring – one that officials said includes a former financial planner who worked for an advisory and tax firm in New York.
Financial market volatility has increased over the past several weeks amid growing investor concern over happenings in Europe, the prospect of increased financial market regulation in the United States and, more generally, worry that the economic recovery has hit a rough patch.
J.P. Morgan Asset Management has named George Gatch, the president and chief executive of J.P. Morgan Funds, as chief executive of its investment management Americas business, replacing Eve Guernsey.
Whether they earn the league minimum or a superstar's salary, football players have to know the basics of handling money to succeed financially.
In 2009, only 59% of the millionaires said they had regained trust in their financial advisers, while 56% said they had the same feelings about their wealth management firms and financial institutions.
Morgan Stanley Smith Barney LLC today appointed a new head of international wealth management products and services.
